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People with Significant Control

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Person of Significant Control see PSC is a business and corporate term used to identify key people within a company.

Under UK law it is a legal obligation to register the names, date of birth, home and work addresses, manner of control and other details of PSCs with the government via Companies House.

Once the PSC's identity has been verified they will then be added to the public list available on government websites.

Qualifying as a PSC

In order to qualify as a PSC officially under UK law and government guidelines you need to meet the following criteria:

  • You may reside in any nation as long as you can provide official government issues photo ID and proof of address.
  • You must own at least 25% of the company shares or...
  • You must control at least 25% of the company's voting rights or...
  • You must be directly responsible for a significant segment or activity of the company i.e. Chairman of the board, CFO, CEO, COO, Vice President etc. or...
  • You must control or contribute to at least 25% of the company's finance or...
  • You must have direct control and/persuasion over significant proportions of primary business activities.

PSC may be a director, board member or registered as a PSC in their own right.

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